Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) Shares Up 14.1% – Still a Buy?

Defiance Daily Target 1.75X Long MSTR ETF (NASDAQ:MSTX) shares were up 14.1% during mid-day trading on Thursday . The company traded as high as $41.40 and last traded at $41.38. Approximately 1,969,462 shares traded hands during trading, a decline of 67% from the average daily volume of 5,969,576 shares. The stock had previously closed at $36.28.

Defiance Daily Target 1.75X Long MSTR ETF Price Performance

The company’s fifty day moving average price is $27.49 and its 200 day moving average price is $46.54. The company has a market cap of $497.52 million, a PE ratio of -239.88 and a beta of 4.10.

Institutional Investors Weigh In On Defiance Daily Target 1.75X Long MSTR ETF

Several large investors have recently made changes to their positions in the business. Jump Financial LLC boosted its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 431.4% in the 4th quarter. Jump Financial LLC now owns 54,077 shares of the company’s stock worth $208,000 after buying an additional 43,900 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Defiance Daily Target 1.75X Long MSTR ETF by 791.3% in the 4th quarter. Parallel Advisors LLC now owns 13,369 shares of the company’s stock worth $51,000 after purchasing an additional 11,869 shares during the period. Bogart Wealth LLC bought a new stake in shares of Defiance Daily Target 1.75X Long MSTR ETF in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in Defiance Daily Target 1.75X Long MSTR ETF by 20,359.6% in the fourth quarter. Farther Finance Advisors LLC now owns 112,528 shares of the company’s stock valued at $433,000 after purchasing an additional 111,978 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Defiance Daily Target 1.75X Long MSTR ETF during the second quarter valued at $12,726,000. 4.09% of the stock is owned by hedge funds and other institutional investors.

About Defiance Daily Target 1.75X Long MSTR ETF

The Defiance Daily Target 2x Long MSTR ETF (MSTX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. MSTX was launched on Aug 14, 2024 and is issued by Defiance.